iShares Global Timber & Forestry ETF (NASDAQ:WOOD) Trading Down 1% – Should You Sell?

iShares Global Timber & Forestry ETF (NASDAQ:WOOD) were down 1% during mid-day trading on Tuesday . The stock traded as low as $67.82 and last traded at $68.01. Approximately 9,357 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 15,848 shares. The stock had previously closed at $68.67.

iShares Global Timber & Forestry ETF Stock Down 1.0%

The stock has a market cap of $220.35 million, a P/E ratio of 16.65 and a beta of 0.92. The company’s 50 day moving average price is $71.66 and its 200-day moving average price is $73.32.

Institutional Investors Weigh In On iShares Global Timber & Forestry ETF

A number of institutional investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. increased its stake in shares of iShares Global Timber & Forestry ETF by 12.3% in the second quarter. 1832 Asset Management L.P. now owns 289,265 shares of the company’s stock valued at $21,220,000 after buying an additional 31,746 shares during the period. Flow Traders U.S. LLC acquired a new stake in iShares Global Timber & Forestry ETF during the 3rd quarter valued at approximately $2,595,000. Truist Financial Corp raised its holdings in iShares Global Timber & Forestry ETF by 4.7% during the 3rd quarter. Truist Financial Corp now owns 27,619 shares of the company’s stock worth $2,027,000 after purchasing an additional 1,230 shares during the last quarter. Lynx Investment Advisory raised its holdings in iShares Global Timber & Forestry ETF by 0.9% during the 3rd quarter. Lynx Investment Advisory now owns 26,435 shares of the company’s stock worth $1,941,000 after purchasing an additional 239 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares Global Timber & Forestry ETF by 3.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,989 shares of the company’s stock worth $1,908,000 after purchasing an additional 884 shares during the period.

About iShares Global Timber & Forestry ETF

iShares Global Timber & Forestry ETF, formerly iShares S&P Global Timber & Forestry Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Timber & Forestry Index (the Index). The Index consists of approximately 25 publicly-traded companies engaged in the ownership, management or upstream supply chain of forests and timberlands.